Last week, Atlassian (NASDAQ: TEAM), a leading provider of team
collaboration and productivity software, reported its second quarter results that surpassed estimates. Atlassian has been focusing on becoming a cloud-first company and recently announced a three-year migration path to the cloud for on-premises customers.
Earlier this week, Apple (Nasdaq: AAPL) announced another blowout quarter. While the pandemic has curtailed sales in physical stores, Apple’s continuous product upgrades has helped it accelerate its sales significantly.
>>>According to a recent report, DocuSign (NASDAQ: DOCU) is the leader in the e-signature market with more than 70% of the global digital signature and document services market. The continued pandemic and lockdown conditions have helped it remain in lead. The company recently announced its quarterly results that continued to outpace market expectations.
>>>The continuing pandemic conditions are driving up demand for services such as those offered by Bill.com (NYSE:BILL). Bill.com listed last December and despite uncertain times, it continues to see its stock soar.
>>>According to a Verified Market Research report, the global enterprise collaboration market was valued at $29.45 billion in 2019 and is projected to grow to $53.26 billion by 2026 at a CAGR of over 8%. However, the recent COVID-19 driven virtual working conditions have accelerated the growth in this market. Box (NYSE: BOX) continues to add capabilities and integrations to its offerings to meet this growing demand.
>>>IBM (NYSE: IBM) reported its fourth-quarter results this week that continued to miss the market’s expectations on revenues. It is acquiring several cloud and AI-focused organizations to fuel its primary growth engine. But the transformation is taking longer than the market appears to have patience for. Its stock fell 7% in the after-hours trading session post the result announcement.
>>>According to a Research and Markets report, the global Hadoop market was valued at $26.74 billion in 2019 and is projected to grow at 38% CAGR to $340.35 billion by 2027. Cloudera (NYSE: CLDR) is a leading player in the market that continues to deliver strong quarterly results. The company has been expanding its offerings by adding new products and acquiring smaller players.
>>>Earlier this week, Netflix (Nasdaq: NFLX) reported its fourth-quarter performance that surpassed all market expectations. The significant increase in its subscriber base helped the stock soar. In the after-hours trading session, the stock climbed an impressive 12%.
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